News

Portugal: Debt agency swaps bonds for longer maturities

Page created: Wednesday, 30 August 2017 13:49 GMT

Tags:
Debt

Lisbon, Aug. 30 (Lusa) – The Portuguese Treasury and Debt Management Agency (IGCP) said on Wednesday it had exchanged today €1.735 billion of debt that was to mature between 2018 and 2020 for debt due in 2022, keeping the amount in circulation almost unaltered, but lengthening the due date.

The IGCP said on Tuesday it wanted to extend the maturity of some if its treasury bonds.

In order to get an amount that was “approximately neutral in terms of settlement”, ratios of 0.977743, 1.022272 and 1.063519 was applied to the bonds from the three years respectively.

PD/ADB // ADB.

Lusa